The end of physical money in the country? Plan that seeks to promote the financial inclusion of the population has received technical assistance from the International Monetary Fund (IMF) since 2021. More than 50% of Peru’s adult population is unbanked. Price of the dollar in Peru: what is the exchange rate for this Wednesday, April […]
Tag: digital currency
Technology is moving faster than regulation in crypto, according to BPI’s Carstens
The general director of Bank for International Settlements (BIS)the Mexican Agustín Carstens, recognizes that the development of cryptocurrencies has anticipated the regulatory capacity of the financial system and emphasizes restricting them to protect the consumer and preserve financial stability. “It must be recognized that this innovation has not waited for the regulatory and supervisory framework. […]
Digital payments in Peru quintupled in 7 years, but we are still last in the region
The pandemic of COVID-19 it marked a before and after in the progress of the digitization of payments in Peru. Thus, between 2015 and December 2022, the number of digital transactions quintupled, reached around 174 operations per person in the year, according to the Central Reserve Bank of Peru (BCRP). The monetary authority, in its […]
BCRP works with the IMF on a digital currency to boost banking access in Peru
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, revealed that the entity has been working with the International Monetary Fund (IMF) in a pilot project to implement a digital currency In our country. This statement was made during his participation in the 53rd meeting of the World Economic Forum which takes […]
Central Bank of Mexico will launch its digital currency by 2024
Updated on 12/31/2021 04:50 am Mexico’s central bank will have its own digital currency in circulation by 2024 as part of efforts to boost financial inclusion. “Considering these new technologies and state-of-the-art payment infrastructure are of utmost importance as high-value options”The federal government wrote on its Twitter account Wednesday night, confirming the bank’s plan. Around […]
Digital currency: what benefits can the BCRP proposal have in our country?
A lots of central banks from different nations of the world have begun to work on the development of their digital currencies such as Sweden, China, Bahamas, Saint Kitts and Nevis, Antigua and Barbuda, Saint Lucia, Grenada and the European Union itself. Last Tuesday, November 16, the President of the Central Reserve Bank of Peru, […]